Deriving Electricity Demand Elasticities from a Simulation Model
AbstractThe paper reports a method of estimating aggregate residential electricity demand elasticities with respect to price and household income. Short-run models of electricity use and linear probability models of equipment ownership are developed using household data. These are incorporated in a model that simulates the development of the stock of dwellings and electricity-using equipment through time to derive short and long-run price and income elasticities. Results for a wide range of equipment types are presented. Test results reveal the influence of dwelling stock dynamics on long-run aggregate elasticities that have not been reported in other studies.
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Bibliographic InfoArticle provided by International Association for Energy Economics in its journal The Energy Journal.
Volume (Year): Volume 10 (1989)
Issue (Month): Number 3 ()
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- F0 - International Economics - - General
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- Runa Nesbakken, 1998. "Price Sensitivity of Residential Energy Consumption in Norway," Discussion Papers 232, Research Department of Statistics Norway.
- A. Bigano & S. Proost & J. Van Rompuy, 2000. "Alternative Environmental Regulation Schemes for the Belgian Power Generation Sector," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 16(2), pages 121-160, June.
- Nesbakken, Runa, 1999. "Price sensitivity of residential energy consumption in Norway," Energy Economics, Elsevier, vol. 21(6), pages 493-515, December.
- Susanne Bonomo & Massimo Filippini & Peter Zweifel, 1998. "Neue Aufschlüsse über die Elektrizitätsnachfrage der schweizerischen Haushalte," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 134(III), pages 415-436, September.
- Susanne Bonomo & Massimo Filippini & Peter Zweifel, 1998. "Neue Aufschluesse ueber die Elektrizitaetsnachfrage der schweizerischen Haushalte," SOI - Working Papers 9801, Socioeconomic Institute - University of Zurich.
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